Since it was founded in 2007, the European Progress Microfinance Facility, has since then supported more than 30,473 SME’s by increasing access to finance for micro-entrepreneurs, including but not restricted to, groups with limited access to the conventional credit market, such as female entrepreneurs, young entrepreneurs, entrepreneurs belonging to a minority group. Nevertheless, the fragmented regulatory frameworks at national level can favour banks over microfinance providers and make it difficult for the latter to challenge the rules. How can policy makers promote microfinancing activity while also cooperating with stakeholder banks, that lend to SMEs in the old fashioned way, to further increase access to microfinance?